98 E Adams St - Warehouse FOR SALE


Forsyth, GA 31029 | 
$2,350,000 USD
98 E Adams St, Forsyth, GA for Sale
$2,350,000 USD
Warehouse - FOR SALE
1/28
null | Request Cap Rate

NEW


98 E Adams St
Forsyth, GA 31029


HIGHLIGHTS

  • 51,799 SF historic mill on approximately 2.3 acres in downtown Forsyth
  • Owner/developer can deliver turnkey build-out for part or all of the building; terms negotiated
  • Potential loft apartments, climate-controlled storage, or retail mall/multi-tenant reuse; approvals required
  • Lease-purchase, build-to-suit for lease or sale, and combination structures available
  • Occupy a portion for your business and lease the rest; approximately 50,999 SF currently available

OVERVIEW

HISTORIC DOWNTOWN MILL | TURNKEY BUILD-OUT AVAILABLE | FLEXIBLE PURCHASE & LEASE STRUCTURES Offered at $2,350,000, The Trio Mill at 98 E Adams Street offers 51,799 SF on approximately 2.3 acres in the heart of downtown Forsyth, Georgia. Approximately 800 SF is currently leased, with the remaining approximately 50,999 SF available. OCCUPY A PORTION AND LEASE THE REST The interconnected layout offers an opportunity for a buyer to occupy a portion for their own business and lease the remaining space to other tenants. Discuss a layout and build-out tailored to your occupancy and leasing plans. POTENTIAL REDEVELOPMENT & ADAPTIVE REUSE Concepts to explore include downtown loft apartment development, climate-controlled self-storage, a retail mall or multi-tenant retail center, and a multi-tenant commercial building. The downtown setting places the property near local shopping, dining, and businesses. These are potential redevelopment concepts, not existing or approved uses. The property is currently zoned industrial; each proposed use is subject to feasibility review, any required rezoning, and all applicable building and development approvals. OWNER/DEVELOPER TURNKEY SOLUTIONS The owners are developers and can deliver a turnkey build-out tailored to a prospect's needs for part or all of the building, subject to existing lease rights. Options include an outright purchase, lease-purchase, build-to-suit for lease, build-to-suit for sale, or a combination of these structures. Bring your space requirements and discuss a customized scope and transaction structure directly with the owner/developer. The $2,350,000 asking price is for the existing property. Customized improvements, build-out pricing, lease or purchase terms, and delivery schedules are to be negotiated separately. Contact George Emami, PrimePoint Ventures, for property information, development options, and showing arrangements. Owner is a Georgia licensed broker.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Trio Mill

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3

LAND SF

100,188

ZONING

I-3

APN/PARCEL ID

F35-027

ASK ABOUT THIS PROPERTY

George EmamiPrimePoint VenturesMore Info

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George EmamiPrimePoint VenturesMore Info

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